All Forum Posts by: Matthew Henry

Brandon,

Just two years after you asked this, this too puzzles me now. I am an Accountant and am possibly joining a property management company with a guy that does it all himself. I've been a residential property manager before, but not commercial. He has really good investor contacts, a good name in the property management business, and incredible service. He doesn't do marketing well, by his own account. I am researching how to help him. Other than direct marketing campaigns for tenants, we are focused on finding owners in the Nashville, middle TN area for retail/office complexes 10-50k. I'm thinking of joining the local chamber, do driving for dollar campaigns, and our local real estate investors group, meet-up for training commercial property owners, and asking all friends/family if they know of anyone who owns property that needs help managing it. It will be a select few, but I don't have any other ideas. 

So, I'm asking, does anyone else have any marketing idea's for finding investors that need help managing their commercial office/retail space in Middle TN? 

Thanks in advance!

Christy,

I do not feel bad asking for services, just want to use him at some point. Part of the issue is the agent is family. Thankfully, the deal I bought is a good one and he completely understands. In the properties I have purchased, I have yet to use an agent, although I know how helpful they can be with sharing experience around the area. It is good to hear another investor friendly agent exists, especially in my hometown!

I agree with JT Spangler. I am purchasing a townhome in Antioch that will exceed the 1% rule, and be close to the 50% rule, if strictly a rental. I will be house-hacking it in search of my next rental soon. La Vergne is and will continue to be popular and appreciation should continue to rise as it does in Davidson County. What I have learned is to not cheat on your numbers. If you are in this for cash flow, then the rules should be a good guide. Appreciation is helpful but shouldn't be counted on. 

Best to all!

Luke Milicevio,

Thank you for the reply. 

My other three are in Huntsville, AL, where I am from. They are good rentals, with the smallest at 3/1 and 600 sq ft the most profitable. I have learned alot since beginning my real estate investing. 

Thank you for making me feel better about the houses I didn't get...or want for those prices. I think I just felt bad for wasting the agents time, as I didn't use him for the FSBO.

I am an Accountant as well, and hope to continue purchasing profitable property to build a portfolio I can be proud of. 

Hello all. 

I have not posted to the forum in years. I moved to Nashville, TN, one of the hottest markets I have ever seen, and have been renting for the past few years. I saved up for a down payment, and decided to buy a property to house-hack and, after 1-2 years, fully rent out as I move into the next property in the future. 

There is not a lot of value below $100k in this market. I lost out of 5 properties due to other individuals paying much more than I valued the property. I found a property and am just posting the specifics on here mainly for myself. 

Two story, two bedrooms, two one half bath townhouse with driveway, long lot, no HOA, vinyl siding, back yard deck, in Antioch, TN (off of Anderson Lane), about 15-20 minutes to the Downtown Nashville, TN area. Carpet needs to be cleaned, new flooring in the kitchen and downstairs area. Already has backsplash, tiled countertop, tile floors in bathrooms. I would be getting about $450 for renting the additional room, which means my costs per month will only be mortgage, taxes and insurance, which would be about $100.00 cost of living to me. We would split utility costs, and internet. I'm excited about this as this will allow me to add value to the property, and put more money away for the next property. This will work for me, as I am single and can get along with any person. This is not used to find a roommate!

I estimate ARV with other sales in the area as $105k after some improvements, and should be able to get around $1,100.00 per month. This is close to the 50% rule, and about 1.5%.

My goal is to do this every two years, while occasionally purchasing a stricktly investment property that is already rented or ready for rent at a discount. This will be house # 4, and I am doing pretty well with building equity on my rentals. 

If you read this, I appreciate your time. I am looking forward to finding better deals nearby this area that will meet the numbers much better and bring better cashflow, but I'm also trying to have a mindset that the "hot" market will bring a better return over time than other not so hot markets where the numbers make more sense. 

Thank you!

Matthew

Thank you all for the words of encouragement! I will be reading through the forums, listening to the podcasts, and getting immersed in the website soon.

Wayne, I'm wanting to get into wholesaling residential homes and townhouses. I have experience with rehabs and property management. 

I am ready to improve my life. I have some experience with real estate investing and have been to several seminars where the "guru's" try to get you to come to their weekend experience for 90% off! From there, I've heard they get you into their more expensive coaching program. Well, I'm ready to learn more and thought in the last few weeks one of these programs may help me get to where I want to go. Then I came to this awesome website.

Thank you to the founder and to all who use and make this website possible. I think you just saved me in some program fees!

That having been said, I am ready to learn from more experienced investors. Please let me learn from you and I will do my best to reciprocate! Thank you again and may we all enjoy our journey as we increase the capacity of our pockets!

Matthew